Brief: Steadfast Group Says Enters Into Process Deed

Steadfast

10/06/2026 05:42

June 10 (Reuters) - Steadfast Group SDF.AX:
ENTERS INTO PROCESS DEED
RECEIVED A CONDITIONAL, NON-BINDING AND INDICATIVE OFFER FROM AMWINS GROUP AND DRAGONEER INVESTMENT GROUP
OFFER TO ACQUIRE 100% OF OUTSTANDING SHARE CAPITAL OF STEADFAST
SCHEME OF ARRANGEMENT ( PROPOSAL) AT A PRICE OF A$6.00 PER SHARE
DEAL FOR PRICE OF A$6.00 PER SHARE
PROPOSAL PRICE REPRESENTS ENTERPRISE VALUE FOR STEADFAST OF APPROXIMATELY A$7.7 BILLION
PROPOSAL FOLLOWS A PERIOD OF ENGAGEMENT BETWEEN STEADFAST AND CONSORTIUM
DETERMINED IT IS IN BEST INTERESTS OF STEADFAST SHAREHOLDERS TO ENTER INTO PROCESS DEED
BOARD OF STEADFAST DETERMINED IT IS IN BEST INTERESTS OF SHAREHOLDERS TO ENTER INTO PROCESS DEED WITH CONSORTIUM
AGREED TO CUSTOMARY CONFIDENTIALITY AND EXCLUSIVITY TERMS TO ENABLE CONSORTIUM TO PROGRESS PROPOSAL
INTENDS TO UNANIMOUSLY RECOMMEND THAT STEADFAST SHAREHOLDERS VOTE IN FAVOUR OF POTENTIAL TRANSACTION
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